Funds Transfer, Online and Mobile Banking and PayPal

Digital Payments: 12 Digital Payment Options to Consider Accepting in Your Business

Stax

JULY 9, 2024

We can hail a ride from a mobile app, and our transactions for all sorts of goods and services can be easily paid for from our phones. There are a wide variety of digital payment types, such as mobile POS systems, contactless payments, and digital wallets. All you need to use a digital wallet is a smartphone.

Digital Payments

Digital Payments Online and Mobile Banking Contactless Payments Payments

Understanding Electronic Funds Transfer (EFT)?

Nanonets

SEPTEMBER 28, 2023

What is Electronic Funds Transfer (EFT)? If you've ever used online banking, chances are you've used Electronic Funds Transfer, or EFT. EFT stands for Electronic Funds Transfer. ACH Transfers as EFT ACH transfer is a type of EFT, or electronic funds transfer.

Electronic Funds Transfer (EFT)

Electronic Funds Transfer (EFT) Funds Transfer Wire Transfer Wires

Understanding Electronic Funds Transfer (EFT)?

Nanonets

SEPTEMBER 28, 2023

What is Electronic Funds Transfer (EFT)? If you've ever used online banking, chances are you've used Electronic Funds Transfer, or EFT. EFT stands for Electronic Funds Transfer. ACH Transfers as EFT ACH transfer is a type of EFT, or electronic funds transfer.

Electronic Funds Transfer (EFT)

Electronic Funds Transfer (EFT) Funds Transfer Wire Transfer Wires

Webinars

Future-Proofing Enterprise Commerce: Why Extensibility Wins with Shopify

MORE WEBINARS

What Is an EFT Payment?

Payment Savvy

NOVEMBER 9, 2022

EFT payments are becoming increasingly popular as more and more people conduct their financial affairs online. An Electronic Funds Transfer (EFT) is the movement of money electronically from one account to another, either within a single financial institution or across multiple institutions, through computer-based systems.

Online and Mobile Banking

Online and Mobile Banking Wire Transfer Direct Deposit ACH

What is an EFT Payment? Everything to Know About This Method of Payment

Stax

JULY 9, 2024

The world of Electronic Funds Transfer (EFT) payments is vast, spanning just about every payment method you can think of. TL;DR An Electronic Funds Transfer is an umbrella term for payments that are conducted electronically—essentially, any payment method except for cash and paper checks. Easy to use.

Electronic Fund Transfer Act (EFTA)

Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer

Data Dive, Pushing Forward, Pushing Back: Visa, Apple And PayPal

PYMNTS

DECEMBER 16, 2019

Then there was the pushback of the week, care of PayPal, which is looking for better defined mobile wallet rules from the CFPB. While mobile money has rapidly grown in Africa, the addition of Visa payment credentials to mobile money accounts will allow African consumers access to the global digital commerce markets.

PayPal

PayPal Push-to-Card Consumer Financial Protection Bureau (CFPB) CFPB

ACH vs. EFT Payments: What’s the Difference?

Payment Savvy

NOVEMBER 8, 2022

Barely a couple of decades ago, there were just a few options available for transferring money from one account to another, but the rise of internet banking has given way to a bunch of different services with different names, processes, fees, and waiting times. What Exactly is an EFT Transfer?

ACH

ACH Payments Debit Card Online and Mobile Banking

The Most Common Types of Contactless Payment Methods and How They Work

Stax

MARCH 6, 2025

They simply tap their credit card , mobile device, or smartwatch to pay. TL;DR The top 7 types of contactless payments are NFC payments , RFID payments , tap-to-pay cards , QR code payments , mobile wallets , wearable payments , and crypto transactions. PayPal, Venmo, and Alipay). That figure more than doubled to 17.9

Contactless Payments

Contactless Payments Online and Mobile Banking Encryption CHIPS

Everything You Need To Know about Merchant Processing and How To Choose the Right Solution for Your Needs

Stax

APRIL 30, 2024

Whether you run a small online store or a major brand, accepting electronic payments is a must for all businesses. They will also help you stay compliant with certain rules and regulations, including the various fees applicable to online payment processing. The bank forwards this information to the relevant credit card company.

Process

Process Online and Mobile Banking PCI DSS Debit Card

How Digital Will Change Brick-and-Mortar In 2019

PYMNTS

DECEMBER 11, 2018

And they are incredibly mobile-connected – particularly when it comes to making choices about purchases, according to PYMNTS research. So-called online-only retailers — including Amazon — operate some 630 physical retail locations in the U.S., That presents ample opportunity for mobile retail. Digital Banking.

Online and Mobile Banking

Online and Mobile Banking Blockchain Venmo P2P

What are Merchant Accounts and How Do They Work?

Stax

DECEMBER 27, 2023

A merchant account acts as a pathway between your business, your customers, and the issuer and acquiring banks to process electronic transactions like credit cards. A merchant account refers to a business bank account that allows businesses to accept electronic payments for goods and services. Request Quote What Is a Merchant Account?

Accounts

Accounts Online and Mobile Banking Payment Gateways PCI DSS

What is Payment Processing?

Clearly Payments

APRIL 3, 2024

This process is vital for businesses, as it enables them to accept payments through various methods, including credit and debit cards, electronic bank transfers ( EFT/ACH ), and digital wallets. Card Network: The credit card network sends the transaction details to the issuing bank (the customer’s bank) for authorization.

Process

Process Processors Online and Mobile Banking Payments

What are Payment Links? Optimizing Payment Links for Your Business

EBizCharge

APRIL 17, 2024

Your business can benefit from payment links since they don’t involve technical requirements for the payer and offer versatile payment links such as credit cards, electronic payments, and mobile payment options. These links also provide safer and faster fund transfers and work well with various payment service providers.

Payments

Payments Online and Mobile Banking Payment Gateways Credit Cards

The Final CFPB Prepaid Card Rule Is Here (Expect Controversy)

PYMNTS

OCTOBER 5, 2016

as one of their primary tools of financial management — since prepaid cards can be used in ways essentially analogous to debit cards for payments, funds storage, cash-outs at ATMs or receipt of salary. “Our new rule closes loopholes and protects prepaid consumers when they swipe their card, shop online, or scan their smartphone.

CFPB

CFPB Rules PayPal Debit Card

What is a Payment Gateway and How Does It Work?

Stax

SEPTEMBER 17, 2024

A payment gateway is a must-have for online stores. And the best way for online businesses to start accepting payments is with a payment gateway. TL;DR A payment gateway is a solution that securely reads and transfers a customer’s payment information to a merchant’s bank account—both for online and in-person transactions.

Payment Gateways

Payment Gateways Gateways Payment APIs and Integration Online and Mobile Banking

What is B2B Payments Processing and How Do You Implement It?

Stax

MARCH 14, 2024

Online and contactless adoption multiplied, and digital payments rose. Consumers are increasingly gravitating towards quick and convenient payment methods such as contactless payments and mobile wallets when transacting with businesses. Between 2019 and 2020, the number of U.S. What are the Most Common B2B Payment Methods?

B2B

B2B Process B2C Credit Cards

Bank Remittance: How It Works and What to Consider?

Nanonets

OCTOBER 10, 2023

A bank remittance is a payment sent to a bank, typically in another country, for the purpose of financing a purchase or other transaction. Bank remittances are often used to pay for goods or services, or to transfer money to friends and family members. How Does Bank Remittance Work?

Wire Transfer

Wire Transfer Online and Mobile Banking Wires Wire

What Is a Convenience Fee & Should You Charge It?

Payment Savvy

JULY 12, 2024

For example, you could add a convenience fee if your standard payment method is cash or check, but a customer wants to pay over the phone or online with a credit card. Convenience fees can be charged for non-standard payment methods, such as online or over-the-phone payments.

Card Network Rules

Card Network Rules Non-Bank Alternative Payment Methods Credit Cards

Make Electronic Payments Simpler: All you need to know

Nanonets

MAY 30, 2023

The World Bank reports that two-thirds of adults worldwide make or receive a digital payment today, with the share in developing economies growing from 35% in 2014 to 57% in 2021. Bank transfers and digital wallets are more recent developments that have leveraged the rapid expansion in digital data and interconnectivity.

Payment APIs and Integration

Payment APIs and Integration Credit Cards Payment Reconciliation Online and Mobile Banking

What is a Payment Processor?

Clearly Payments

DECEMBER 5, 2023

Payment processors play a crucial role in modern commerce by enabling various forms of payment, including credit cards, debit cards, electronic funds transfers, and digital wallets. In the 1990s, the internet revolutionized commerce, and with it, online credit card processing emerged.

Processors

Processors ISOs Payment APIs and Integration Payments

A Digital Transformation Journey: The Humble Wallet

FICO

FEBRUARY 17, 2023

From the rapid and sudden shift to online and mobile banking, to exploring artificial intelligence (AI) and hyper-personalization , the finance world is changing quickly. Banks and other financial institutions are adopting a digital first strategy, and there’s no going back.

Online and Mobile Banking

Online and Mobile Banking Scams Debit Card Risk

Navigating the ACH Landscape: Understanding Payment Types and Payment Codes

EBizCharge

SEPTEMBER 18, 2024

ACH payments refer to electronic funds transfers (EFTs) between financial institutions using the ACH network. This system allows businesses and consumers to move money between bank accounts, either within the same institution or across different financial institutions. What are ACH payments?

ACH

ACH IAT ACH Network Direct Deposit

Statistics for Cash and Credit Card Use for Payments in 2024

Clearly Payments

MARCH 18, 2024

They’re also big fans of mobile wallets. billion mobile wallet users worldwide, with Gen Z and Millennials leading the pack. A study by PayPal found that 77% of Gen Z and Millennials use credit cards for budgeting and rewards, but they’re also careful about not accumulating too much debt.

Credit Cards

Credit Cards Federal Reserve FedNow Online and Mobile Banking

The best reconciliation software and tools in 2023

Nanonets

JULY 21, 2023

Acting as a centralized platform, it retrieves data from the general ledger and compares it with bank statements and invoices, facilitating accurate and swift account reconciliation. Compatible with both Windows and Mac computers, Xero also offers a mobile app for Apple iOS and Google Android devices. Sources: [link] [link] 2.

Reconciliation

Reconciliation Payment APIs and Integration Automation Audit

A Big List of Payment Gateways

Clearly Payments

DECEMBER 3, 2023

List of Payment Gateways 2Checkout (now Verifone): Global payment platform for online and mobile commerce (International). Alipay: Third-party mobile and online payment platform (China). Apple Pay: Mobile payment and digital wallet service (International). Clearent: Credit card processing solutions (United States).

Payment Gateways

Payment Gateways Gateways Payment APIs and Integration Online and Mobile Banking

Fintech Hall of Fame: The Top Digital Innovations in Financial Services

Fintech Labs Insights

APRIL 12, 2024

Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It was called Online Banking Report and was read by a sizable portion of major industry players. Note: These are the rankings from 10 years ago.

Online and Mobile Banking

Online and Mobile Banking Innovation FinTech NOV

2024 Payment Methods Report: Overview, Insights, and Statistics

Clearly Payments

OCTOBER 31, 2024

America Biometric Payments 2 Global, especially mobile-first markets Cash Payments 5 Emerging Markets, some developed regions Central Bank Digital Currencies (CBDCs) 1 Asia, Caribbean Credit Cards Overview : Credit cards allow consumers to make purchases on credit, paying later and often with interest.

Online and Mobile Banking

Online and Mobile Banking RTP BNPL Debit Card

Best New Fintech Products & Trends of 2024

Fintech Labs Insights

JANUARY 24, 2025

This constantly updated article tracks the biggest and most important new products released worldwide by financial technology companies, along with banks, credit unions, investment advisors, insurance companies, credit card issuers and payment providers. However, well refrain from listing funding rounds since they are covered widely online.

Product

Product FinTech Online and Mobile Banking Credit Union

Payments Space

Digital Payments: 12 Digital Payment Options to Consider Accepting in Your Business

Understanding Electronic Funds Transfer (EFT)?

Understanding Electronic Funds Transfer (EFT)?

Webinars

What Is an EFT Payment?

What is an EFT Payment? Everything to Know About This Method of Payment

Data Dive, Pushing Forward, Pushing Back: Visa, Apple And PayPal

ACH vs. EFT Payments: What’s the Difference?

The Most Common Types of Contactless Payment Methods and How They Work

Everything You Need To Know about Merchant Processing and How To Choose the Right Solution for Your Needs

How Digital Will Change Brick-and-Mortar In 2019

What are Merchant Accounts and How Do They Work?

What is Payment Processing?

What are Payment Links? Optimizing Payment Links for Your Business

The Final CFPB Prepaid Card Rule Is Here (Expect Controversy)

What is a Payment Gateway and How Does It Work?

What is B2B Payments Processing and How Do You Implement It?

Bank Remittance: How It Works and What to Consider?

What Is a Convenience Fee & Should You Charge It?

Make Electronic Payments Simpler: All you need to know

What is a Payment Processor?

A Digital Transformation Journey: The Humble Wallet

Navigating the ACH Landscape: Understanding Payment Types and Payment Codes

Statistics for Cash and Credit Card Use for Payments in 2024

The best reconciliation software and tools in 2023

A Big List of Payment Gateways

Fintech Hall of Fame: The Top Digital Innovations in Financial Services

2024 Payment Methods Report: Overview, Insights, and Statistics

Best New Fintech Products & Trends of 2024

Stay Connected